Spacenet Enterprises India Limited has informed the Exchange regarding allotment of 1428000 securities pursuant to ESOP/ESPS via circular resolution passed by NRC on 26.06.2025
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Spacenet Enterprises India Limited has allotted 14,28,000 equity shares to its employees under the 'Spacenet Employee Stock Option Scheme 2021'. The shares have a face value of ₹1 and were allotted at an exercise price of ₹1 per share with no premium. The allotment was approved by the Nomination and Remuneration Committee via circular resolution on June 26, 2025. After this issue, the total issued share capital stands at ₹56,61,03,736 divided into 56,61,03,736 equity shares of ₹1 each. The newly allotted shares will rank pari-passu with existing equity shares and carry no lock-in restrictions.
This is a routine ESOP allotment resulting in a minor equity dilution of about 0.25% (14.28 lakh out of 56.61 crore shares). Minimal impact expected on share price, though it signals the company is rewarding and retaining employees through its stock option scheme.